The company filed the suit against the owners of 90 Broad
Street in New York State Supreme Court today, seeking more than
$4 million in damages. Manfra, Tordella & Brookes said its whole
inventory of precious metals -- which was stored in a specially
constructed vault in the sub-basement of the building -- must be
replaced, reconditioned or cleaned.

“The water severely damaged MTB’s gold and other precious
metals inventory and destroyed office files, computers and other
equipment,” the company said in a court filing. “Additionally,
the water effectively suspended MTB’s business operations for a
period of several months during what would normally have been
its busiest time of year.”

The 56-year-old company is a wholesaler and retailer of
precious metals, primarily bullion bars and coins, according to
the court filing. It also serves as one of a handful of
authorized depositories of gold, platinum and palladium for the
New York Mercantile Exchange.

A representative of defendant 90 Broad Owner LLC couldn’t
immediately be located for comment.

The case is Manfra, Tordella & Brookes Inc. v. 90 Broad
Owner LLC, 150926/2013, New York State Supreme Court, New York
County (Manhattan).